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LOWE'S ANNOUNCES WEEKLY SALES

 NORTH WILKESBORO, N.C., Jan. 11 /PRNewswire/ -- Lowe's (NYSE: LOW) sales for the second week of January totaled $ 60.2 million, a 22 percent increase over the second week of January 1992. Sales to retail customers increased 26 percent and sales to contractors increased 15 percent.
 Week Ended: Jan. 8, 1993 Jan. 10, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +26 $ 39.2 65 $ 31.0 63
 Contractor Sales +15 $ 21.0 35 $ 18.3 37
 Total Sales +22 $ 60.2 100 $ 49.3 100
 Total Stores 302 306
 Month-to-Date: Jan. 8, 1993 Jan. 10, 1992
 Pct. Change Sales Mix Pct. Sales Mix Pct.
 Retail Sales +43 $ 88.1 72 $ 61.7 66
 Contractor Sales +10 $ 35.1 28 $ 31.8 34
 Total Sales +32 $123.2 100 $ 93.5 100
 Rounded totals, millions of dollars
 The January 1991 comparable week's sales were $ 20.1 million retail, $ 12.0 million contractor, and $ 32.1 million total. The two-year compound growth rates in weekly sales are: Retail, + 39 percent; Contractor, + 32 percent; and Total, + 37 percent. The January 1991 comparable week's sales were from 306 stores.
 Lowe's monthly sales report series will continue to summarize four- week, four-week, and five-week totals, including comparable store sales results. Lowe's quarterly news releases of sales and earnings will continue to present precise calendar totals.
 Lowe's is a specialty retailer serving the home center do-it- yourself business, the consumer durables business, and the building contractor business. Lowe's operates 302 stores in 20 states.
 -0- 1/11/93
 /CONTACT: (Corporate contacts) W. Cliff Oxford or Clarissa S. Felts, Lowe's Companies, Inc., 919-651-4631 or 919-651-4254/
 (LOW)


CO: Lowe's Companies, Inc. ST: North Carolina IN: REA SU:

MM -- CH007 -- 3548 01/11/93 12:31 EST
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Publication:PR Newswire
Date:Jan 11, 1993
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